Champagne Wishes and Cavier Dreams…
Posted in Main Blog (All Posts) on October 24th, 2011 4:44 am by HL
Champagne Wishes and Cavier Dreams…
Well, what do you know, our credit agencies insist your sucky life must get suckier.
Well, what do you know, our credit agencies insist your sucky life must get suckier.
The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.
This is clearly the fault of the poor and the middle classes, better make sure they are more severely punished.
But it isn’t bad for everyone (just almost everyone):
Fifty percent of U.S. workers earned less than $26,364 last year, and those earning less than $200,000 per year – roughly 99 percent of Americans – saw their earnings fall a collective $4.5 billion. There were fewer jobs, and overall pay was trending down — except for the nation’s wealthiest, who saw a boost. While the incomes of the top 1percent of the country rose slightly in 2010 (from $1,909,874 in 2009 to $2,196,124 last year), their collective wage earnings rose dramatically, by about $120 billion.
But by all means they shouldn’t have to sacrifice a damn thing.
Late, Late Night FDL: Saturday in The Park
Chicago- Saturday in the Park
Chicago- Saturday in the Park (Lyrics)
Much Mahalo to all the participants in yesterday’s Occupy Chicago in Grant Park and Jefferson Plaza…!
Can ya dig it…?
What’s on your mind tonite…?